Question
As per the recent (April 2024) change done to SGrBs, w
hich of the following statements is NOT true about Foreign Institutional Investors (FIIs) investing in Sovereign Green Bonds (SGrBs)? Read the following paragrph and answer question no 19 & 20. Sometime back in one of the Union Budget, the FM announced the government’s decision to issue SGrBs, a kind of government debt that specifically funds projects attempting to accelerate India's transition to a low-carbon economy. Funds raised through SGrBs are earmarked exclusively for green projects, ensuring transparency and accountability in fund utilization. SGrBs typically offer lower interest rates compared to Government-Securities (G-Secs), reflecting their alignment with sustainable development objectives. Issuance of SGrBs requires adherence to internationally recognised green standards and certification processes to ensure the credibility of funded projects.Solution
FIIs' investments in India's SGrBs are directed solely toward green projects that aim to reduce the nation's carbon footprint. Non-green projects, such as fossil fuel extraction and nuclear power generation, are explicitly excluded from receiving funds through SGrBs, as these projects do not align with the goals of reducing carbon emissions and supporting sustainable development.
Planning, organizing, directing and controlling are the:
Where is India's first Small Animal Hospital located?
Who was the Chairman of ISRO at the launch of Chandrayaan-1 in 2008?
Which of the following Khayal artists is the founding father of Lalit Kala Kendra of the University of Pune?
Which of the following Indian states is/are Border States of Manipur?
I) Nagaland
II) Assam
III) Mizoram
IV) Arunachal Pradesh
V) Meghalaya
Which state secured the top rank in the Export Preparedness Index (EPI) 2022 Overall Rankings?
Which of the following bank became first in India to issue an Electronic bank guarantee (E-BG)?
Which entity launched the ship-to-ship LNG transfer initiative?
According to Census of India 2011, in which of the following states was the gap in the literacy rates of males and females, highest?
Which of the following is a non-metal required by the human body?
